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Weekly price shock alert: BCI cotton – week ended July 24

Weekly price shock alert: BCI cotton – week ended July 24



Weekly price shock alert: BCI cotton – week ended July 24

Key price movement

Pakistan**;s KCA spot rate opened Monday at PKR ***.**/kg (~$*.**/kg) before rising to PKR ***.**/kg (~$*.**/kg) on Tuesday, a one-day increase of *.** per cent. The benchmark then held at that level through Friday, with no additional gains or pullback. The market effectively reset to a higher trading range and maintained it for the remainder of the week.

China**;s BCI ****B (** mm) benchmark rose from CNY **,***.**/ton (~$*,***/ton) on Monday to CNY **,***.**/ton (~$*,***/ton) on Friday, an increase of CNY ***.** (~$**.**), or *.** per cent. The advance followed a steady pattern: a *.** per cent rise on Tuesday, a modest *.** per cent decline on Wednesday, and incremental gains of *.** per cent and *.** per cent on Thursday and Friday, respectively.

India**;s Shankar-* (** mm) benchmark remained at ****;***.**/kg (~$*.**/kg) throughout all five trading sessions, an uncommon display of stability for a physical cotton benchmark.



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